Ivory Tower Academics, Inflation, and Kindness
MishTalk
AUGUST 22, 2013
From 1997-2000 the Fed ignored a major bubble in the stock market. From 2003-2006 the Fed ignored major bubbles in home prices, then commercial real estate. Inflation Benefit 3 (?): "Balance sheet recession" might go away! Balance sheet recession" might go away!? The Fed does not even know how to measure it.
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